ShareRing is set to pilot its digital identity solution with school students as part of a federal initiative to boost online safety.
In a significant development in the cryptocurrency market, Binance has concluded its second round of voting for token listings as of April 10th, at 7:59 PM. This voting cycle has
The crypto world is buzzing about the latest developments in Artificial Intelligence (AI), and for good reason. Ilya Sutskever, a key figure in the AI revolution and co-founder of OpenAI, is making headlines again. His new venture, Safe Superintelligence (SSI), has strategically partnered with Google Cloud to fuel its ambitious AI research . This move signals a significant commitment to leveraging cutting-edge technology in the pursuit of safe and advanced AI. Let’s dive into what this partnership means for the future of AI and cloud computing. Why Google Cloud for AI Research? The Power of TPU Chips Safe Superintelligence (SSI) isn’t just any AI startup ; it’s founded by Ilya Sutskever, a pioneer who understands the intricacies of AI development perhaps better than most. SSI’s decision to utilize Google Cloud ‘s Tensor Processing Units (TPUs) is a testament to the power and efficiency these specialized chips offer for intensive AI research workloads. TPUs are Purpose-Built for AI: Unlike general-purpose CPUs and even GPUs, TPUs are designed specifically for machine learning tasks, offering superior performance and efficiency for training complex AI models. Scalability and Infrastructure: Google Cloud provides a robust and scalable infrastructure that can handle the massive computational demands of training superintelligent AI. This is crucial for SSI’s ambitious goals. Strategic Partnership: This isn’t just a vendor-customer relationship. It’s a strategic alliance where Google Cloud is investing in the future of safe AI, aligning with SSI’s core mission. For Ilya Sutskever , choosing the right computing partner is paramount. His history with Google, where he previously worked on neural networks at Google Brain, likely played a role in this decision. This familiarity, coupled with Google Cloud ‘s leading TPU technology, makes it a natural fit for SSI’s demanding AI research endeavors. Ilya Sutskever’s Vision: Safe Superintelligence and the Next AI Frontier After his impactful, and at times turbulent, journey at OpenAI, Ilya Sutskever is now charting a new course with SSI. The company’s name itself, Safe Superintelligence, underscores its core mission: to develop superintelligent AI systems with safety as the paramount concern. Here’s what we know about SSI’s objectives: Sole Focus on Safety: SSI emphasizes that its entire product roadmap is centered around safe superintelligence. This dedicated focus differentiates it from other AI labs with broader commercial interests. Pushing AI Boundaries: Sutskever has spoken about identifying a “new mountain to climb” in AI, suggesting SSI is aiming to tackle the most challenging aspects of advanced AI development and performance. Strong Backing: With $1 billion in funding from prominent investors, SSI is well-equipped to pursue its ambitious AI research agenda. The choice of Google Cloud as its primary computing provider is a strong indicator of SSI’s serious approach to AI research . Access to cutting-edge TPU chips and Google Cloud ‘s extensive infrastructure provides SSI with the necessary tools to explore the frontiers of AI safely and effectively. Google Cloud’s Bet on AI Startups: A Growing Trend Google Cloud ‘s partnership with SSI is part of a broader strategy to become the go-to cloud provider for leading AI startups . This trend is fueled by the immense computing power required to train large AI models, making cloud providers like Google Cloud essential partners. Key aspects of this trend include: Chasing Unicorn AI Startups: Cloud providers are actively vying for partnerships with high-potential AI startups that spend heavily on computing resources. SSI fits perfectly into this category. History with Former Researchers: Google Cloud has a track record of partnering with AI startups founded by its former researchers, as seen with World Labs and Fei-Fei Li. Ilya Sutskever ‘s past at Google further solidifies this pattern. Primary Computing Provider: The indication that Google Cloud is SSI’s primary computing provider highlights the scale and significance of this deal. It suggests a substantial investment and reliance on Google Cloud ‘s infrastructure for SSI’s operations. This competitive landscape benefits AI startups by providing them with access to state-of-the-art computing resources and potentially favorable deals. For Google Cloud , these partnerships are crucial for maintaining a leading position in the rapidly evolving AI cloud market. The Future of Safe Superintelligence and AI Research The collaboration between Ilya Sutskever ‘s AI startup , Safe Superintelligence, and Google Cloud marks an exciting chapter in the pursuit of safe and advanced AI. By leveraging Google Cloud ‘s powerful TPU chips , SSI is well-positioned to accelerate its AI research and development efforts. This partnership underscores the critical role of cloud computing in powering the next generation of AI innovation. As SSI continues its journey, the AI community will be keenly watching its progress in developing safe superintelligence. The strategic alliance with Google Cloud is a powerful step forward, providing the computational muscle needed to tackle one of the most ambitious and important challenges in technology today. To learn more about the latest AI market trends, explore our article on key developments shaping AI features.
Binance to Support Neutron (NTRN) Network Upgrade Hard Fork 💰Coin: NTRN ( $NTRN ) $0.1205
Exploding tariffs and reckless trade moves are driving the U.S. toward a self-inflicted financial meltdown, former Treasury Secretary warns, threatening debt stability, investment, and global confidence. Summers Warns: US Tariff Policy May Be Engineering a Full-Blown Financial Crisis Former U.S. Treasury Secretary Lawrence H. Summers intensified his critique of Washington’s trade strategy on Tuesday, as
As the cryptocurrency market continues to evolve, major assets such as Solana (SOL) , Bitcoin (BTC) , and XRP are under the spotlight for their potential to deliver substantial returns. Analysts suggest that these cryptocurrencies could experience significant growth, with projections indicating up to 30x gains within the year. JOIN 10,000+ INVESTORS-CLICK HERE TO SECURE A SPOT NOW Current Market Performance Solana (SOL) : Trading at $106.51 , with an intraday high of $111.85 and a low of $101.19. Bitcoin (BTC) : Priced at $77,149.00 , experiencing an intraday high of $80,138.00 and a low of $74,772.00. XRP : Valued at $1.82 , reaching an intraday high of $1.97 and a low of $1.73. These figures indicate a consolidation phase, suggesting that these cryptocurrencies maintain strong fundamentals and investor confidence. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X MAGACOINFINANCE : An Emerging Contender with High Growth Potential While established cryptocurrencies offer promising prospects, emerging projects like MAGACOINFINANCE present opportunities for potentially higher returns. Unprecedented Growth Potential MAGACOINFINANCE has successfully attracted over 10,000 investors , raising more than $5.5 million in its pre-sale phase, indicating strong market confidence. With a total supply capped at 100 billion tokens , the project is strategically positioned for significant appreciation as it approaches its official listing. Exclusive Offer: 50% Bonus with MAGA50X Investors have a limited-time opportunity to maximize their holdings through the MAGA50X bonus: Pre-sale Price : $0.0002804 per token Listing Price : $0.007 per token By applying the MAGA50X bonus, the purchase price is effectively reduced, enhancing the potential Return on Investment (ROI) significantly. Consequently, a $1,000 investment at this rate could potentially grow substantially before the first exchange listing. CLICK HERE TO JOIN THE NE-XT BILLION DOLLAR PROJECT Additional Considerations: TON, ADA, and AVAX Other cryptocurrencies also present investment opportunities: Tokamak Network (TON) : Trading at $1.015 , with an intraday high of $1.11 and a low of $0.961632. Cardano (ADA) : Priced at $0.567789 , experiencing an intraday high of $0.616003 and a low of $0.54003. Avalanche (AVAX) : Valued at $16.37 , reaching an intraday high of $17.66 and a low of $15.67. These assets have shown resilience and may offer growth potential, but they currently lack the momentum observed in MAGACOINFINANCE. Conclusion Established cryptocurrencies like Solana, Bitcoin, and XRP have demonstrated resilience and potential for significant growth, with some analysts projecting up to 30x returns within the year. However, emerging projects like MAGACOINFINANCE present opportunities for even greater gains, with innovative approaches and attractive pre-sale incentives. As always, thorough research and consideration of market dynamics are essential when making investment decisions. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Solana, Bitcoin (BTC), and XRP Remain on Track for 30x Growth This Year
The post Ripple vs SEC: Pro-XRP Lawyer Says SEC May Officially Drop Appeal Before April 16 appeared first on Coinpedia Fintech News The legal fight between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may finally be coming to an end. As confirmed by Ripple executives, the SEC has agreed to return $75 million of the $125 million fine Ripple was ordered to pay last year. That would leave Ripple with just a $50 million payment to settle the case. But here’s the catch: the SEC hasn’t officially confirmed anything yet. Big SEC Meeting Set for April 10 The SEC has a closed-door meeting scheduled for Thursday, April 10. This is expected to be very important because Ripple’s deadline to file its response in the appeal process is just days later — on Wednesday, April 16. If the SEC wants to withdraw its appeal about Ripple’s XRP sales, it will likely need to make that decision during this week’s meeting. Otherwise, the case could continue in court. Legal Expert Says Something Is Coming Soon Attorney Fred Rispoli, who has been following the case closely, said that something will happen before or on April 16. He said there’s a 90% chance the case will settle or the appeal will be withdrawn — and only a 10% chance Ripple will actually have to file its legal brief. On SEC v. Ripple, expect to see something happen on or before next Wednesday, 4/16, the due date for @ripple 's appellate brief. Ripple cannot get an extension and either has to file it (10%) or there will be a notice of settlement/withdrawal (90%). https://t.co/j9z0CpTBQo — Fred Rispoli (@freddyriz) April 9, 2025 When asked if the SEC had already agreed to end the case, Rispoli said the two sides had likely reached an agreement behind the scenes — but the SEC hasn’t made anything public yet, which is standard for them. Why This Matters The appeal is about whether Ripple’s XRP sales on exchanges were illegal. A judge had ruled they were not securities — a major win for Ripple and the crypto industry. If the SEC officially drops its appeal, it would be a big step toward ending the case for good. What’s Next? All eyes are now on the SEC’s April 10 meeting. If the SEC acts, we could see the legal battle finally come to a close by April 16. Until then, Ripple’s fate — and a key moment for crypto regulation — is still in waiting.
In a significant move reflecting changing trends in the cryptocurrency market, a wallet potentially associated with Jesse Powell, co-founder of Kraken, recently executed a transaction involving the withdrawal of 1,501
Ukraine’s financial regulator has proposed taxing certain crypto transactions as personal income at a rate of up to 23% but excluding crypto-to-crypto transactions and stablecoins. Crypto transactions would be taxed at 18% with a 5% military levy on top as part of the proposed framework, released on April 8 by Ukraine’s National Securities and Stock Market Commission. NSSMC Chairman Ruslan Magomedov said in an April 8 statement that “the issue of crypto taxes is not a hypothesis, but a reality that is fast approaching.” He added that the agency created the framework to help lawmakers make an “informed resolution” by considering each suggestion’s advantages and disadvantages because “these aspects can have a critical impact on the market and tax liability.” Under the NSSMC’s proposed crypto framework, a tax will be applied when crypto is cashed out for fiat currency or exchanged for goods or services. Crypto-to-crypto transactions wouldn’t be taxed, bringing Ukraine in line with other European countries, including Austria and France, as well as crypto-friendly jurisdictions like Singapore, the NSSMC said. The regulator says it “makes sense” to exclude stablecoins backed by foreign currencies or only apply a 5% or 9% tax because Ukraine’s tax code already excludes income from transactions in “foreign exchange values.” A translated excerpt of the NSSMC’s report said stablecoins backed by foreign currencies could be exempt from taxation. Source: NSSMC Mining, staking, hard forks and airdrops Other crypto-related activities, such as mining, staking and airdrops, are also addressed in the framework which floated a few options for taxation. The NSSMC said crypto mining is generally considered a business activity, but there might be a general tax-free limit for certain crypto transactions, including mining. Under the framework, staking could be considered as “business captive income” or only taxed if the crypto is cashed out for fiat currencies. While hard forks and airdrops could be taxed either as ordinary income or when the tokens are cashed. Related: Ukraine officials get training on crypto and virtual assets investigation The regulator suggests a tax-free threshold could help “relieve the burden on small investors” and is common in other jurisdictions. Exemptions for donations, transfers between family members, and holders who keep their crypto for a set amount of time are also flagged as possibilities. However, the NSSMC says the exemption might not apply to non-custodial crypto wallets . Last December, Daniil Getmantsev, head of the tax committee of Ukraine’s parliament, said a draft bill to legalize cryptocurrencies was under review and expected to be finalized early this year. Ukrainian President Volodymyr Zelenskyy first signed a law establishing a legal framework for the country to operate a regulated crypto market in March 2022. Magazine: New ‘MemeStrategy’ Bitcoin firm by 9GAG, jailed CEO’s $3.5M bonus: Asia Express
In a surprising turn of events, leading investment bank Goldman Sachs has recalibrated its economic outlook, offering a sigh of relief to markets worldwide. Just days after sounding alarms about a potential U.S. recession, the financial giant has withdrawn its forecast. What sparked this dramatic change of heart? It all boils down to a significant pause in tariff implementations by the Trump administration, as reported by Walter Bloomberg on X. Let’s dive into the details of this economic U-turn and explore what it means for the US economy and beyond. Why Did Goldman Sachs Initially Predict a Recession? On April 7th, Goldman Sachs raised eyebrows across the financial landscape by increasing its 12-month recession probability for the U.S. economy from 35% to a concerning 45%. This revision reflected growing anxieties about various economic headwinds, including potential impacts from ongoing trade disputes and anticipated tightening of monetary policy. Investors and market analysts closely monitor such forecasts from institutions like Goldman Sachs, as they often influence market sentiment and investment strategies. The initial prediction underscored the fragility of the economic recovery and the potential for unforeseen shocks to derail growth. Here’s a quick look at the timeline: April 7th: Goldman Sachs increases 12-month recession probability to 45%. {{Date of Bloomberg X post}} (Approximate): Trump administration pauses tariff implementation. {{Date of Goldman Sachs withdrawal}} (Approximate): Goldman Sachs withdraws recession forecast. The Game Changer: Tariff Pause and its Economic Implications The central catalyst for Goldman Sachs’ revised outlook is the pause in tariff implementation. Tariffs, essentially taxes on imported goods, can have a ripple effect across the economy. They can increase costs for businesses, potentially leading to higher consumer prices and reduced corporate profits. In an environment already grappling with inflation concerns, the prospect of new tariffs added another layer of uncertainty and downside risk. By pausing these tariff implementations, the Trump administration has seemingly eased some of the immediate pressures on the US economy, providing a more stable foundation for growth. Consider these potential benefits of a tariff pause: Reduced Inflationary Pressure: Paused tariffs can help prevent further price increases on imported goods, easing inflationary pressures. Business Stability: Companies can operate with more predictability, knowing that input costs are less likely to spike due to new tariffs. Improved Trade Relations: A pause can signal a willingness to negotiate and potentially de-escalate trade tensions, fostering better international economic relationships. What Does This Mean for the US Economy? Goldman Sachs’ withdrawal of its recession call is a significant vote of confidence in the resilience of the US economy . It suggests that while challenges remain, the immediate threat of a sharp economic downturn has diminished. This doesn’t mean the economy is out of the woods entirely, but it does signal a potentially more optimistic trajectory. The pause in tariffs is seen as a crucial factor in mitigating downside risks and supporting continued economic expansion. However, it’s important to remember that economic forecasts are not guarantees, and various factors can still influence the future economic landscape. Key factors influencing the US economy: Factor Potential Impact Inflation High inflation can erode purchasing power and dampen economic growth. Interest Rates Rising interest rates can cool down economic activity and increase borrowing costs. Global Events Geopolitical instability and global economic slowdowns can impact the US economy. Consumer Spending Consumer spending is a major driver of the US economy; changes in consumer behavior can significantly impact growth. Impact on Market Sentiment and Crypto The news from Goldman Sachs is likely to have a positive impact on market sentiment . The removal of a prominent recession forecast can boost investor confidence, potentially leading to increased investment in various asset classes, including cryptocurrencies. In the volatile world of crypto, market sentiment plays a crucial role in price movements. Positive news can trigger rallies, while negative news can lead to sell-offs. A more optimistic outlook on the broader economy can create a more favorable environment for crypto adoption and investment. Potential impacts on crypto market sentiment: Increased Investor Confidence: Reduced recession fears can encourage investors to take on more risk, potentially including crypto assets. Positive Price Action: Improved sentiment can lead to increased buying pressure and positive price movements in the crypto market. Broader Market Rally: A general market rally, driven by positive economic news, can often lift the crypto market as well. Actionable Insights: What Should Investors Do? While Goldman Sachs’ revised forecast is encouraging, it’s crucial for investors to maintain a balanced and informed approach. Here are some actionable insights: Stay Informed: Keep abreast of economic developments and market analysis from reputable sources. Diversify Your Portfolio: Diversification remains a key strategy to mitigate risk, especially in volatile markets. Long-Term Perspective: Focus on long-term investment goals rather than reacting impulsively to short-term market fluctuations. Assess Risk Tolerance: Understand your own risk tolerance and invest accordingly. The withdrawal of the recession forecast by Goldman Sachs is a noteworthy development, offering a glimmer of optimism in uncertain times. While economic challenges persist, the pause in tariffs appears to have provided a crucial buffer, altering the near-term outlook. This shift underscores the interconnectedness of global economics and the significant impact of policy decisions on market sentiment. As always, staying informed and maintaining a strategic approach is paramount for navigating the ever-evolving financial landscape. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.